627 Alhambra Rd APT 202VeniceFL34285
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Venice at 627 Alhambra Rd APT 202, Venice, FL, 34285 generates $3,350/mo in rent, after a $2,736/mo payment. Total monthly income is $3,350/mo. Return on cash invested sits at 17.71% in year one, and rental yield is 7.19% on a $559,000 entry. Equity gained on principal adds $3,607/yr, while 5% annual appreciation builds toward $154,441 over five years. Five-year ROI reaches 91.64% and total cumulative return in cash sums $168,531. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,350/mo property income rather than buyer’s personal income.
Condo
Built in 1974
3.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34285, Venice, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,982 (100%) |
| Owner Occupied HU | 8,761 (54.8%) |
| Renter Occupied HU | 2,024 (12.7%) |
| Vacant Housing Units | 5,197 (32.5%) |
| Median Home Value | $418,517 |
| Average Home Value | $567,434 |
Housing Distribution
Address Breakdown
Residential
14,066
Single Family
9,629
Multi-Family
4,437
Businesses
1,258
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